Canada Alphadex Fund FT (FCAN) Stock Technical Analysis
NYSEARCA:FCAN - NYSE Arca - US33737J2087
Overall FCAN gets a technical rating of 1 out of 10. FCAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
65% of all other stocks performed better in the past year than FCAN.
Warning: FCAN has an average volume of 2261 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FCAN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FCAN is lagging the market slightly.
In the last month FCAN has a been trading in the 19.68 - 22.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of FCAN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.77
25.78
When analyzing the support we notice one important area.
- A support zone ranging from 19.97 to 20.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 21.01 to 21.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.76 to 21.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.31 to 22.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.72 from a trend line in the weekly time frame.
- Resistance @25.52 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FCAN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FCAN is down. |
| ChartMill Relative Strength | 35.4 | NEUTRAL | FCAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FCAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FCAN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FCAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.54 | NEUTRAL | The RSI value for FCAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FCAN has a negative trend. |
| Stochastics (14,3) | 60.37 | NEUTRAL | The Stochastics value for FCAN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for FCAN suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:FCAN (10/28/2020, 8:12:58 PM)
20.68
-0.15 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.74%
1 Week-3.27%
2 Weeks2.26%
1 Month-7.06%
3 Month-0.18%
6 Month22.71%
12 Month-13.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%1.91%
ATR Inc21.91%
Range Today0.52
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.4
Mansfield-0.68
10 Day High21.59
10 Day Low20.27
20 Day High22.49
20 Day Low19.68
52 Week High25.52
52 Week Low11.9
CS1 End20.52
CR1 Start21.01
Volume & EV
DER(3)14.47%
DER(5)8.68%
Volume69.60K
Volume Incr1441.12%
Vol(5)14.74K
Vol(50)2.26K